Dynamic Aerospace Systems Corporation reported first-quarter 2026 results showing continued investment with no revenue and a wider loss. The company recorded a net loss of $1,051,493, driven by operating expenses of $1,265,131, including $429,251 of salaries and $399,266 of stock-based compensation.
Cash was $46,463 as of March 31, 2026, with a working capital deficit of $3,057,323 and notes payable of $739,628 (net of discounts). Management disclosed substantial doubt about the ability to continue as a going concern without additional capital, and the business remains pre-revenue while developing UAV and autonomous logistics platforms.
Dynamic Aerospace Systems, a U.S.-manufactured unmanned aerial systems company, will host a multi-agency Drone Demo Expo on April 30, 2026 in Phoenix in collaboration with the Arizona Department of Public Safety. The event will let law enforcement, fire, government, and international participants evaluate the company’s secure, domestically built UAV platforms in real-world scenarios.
Dynamic Aerospace Systems plans live demonstrations of three systems: the US-1 long-endurance multi rotor-copter with 90-minute flight times carrying a 5-pound payload; the G1 MKII long-range VTOL aircraft with operational ranges up to 1,100 miles; and the Mitigator indoor tactical drone, designed for confined spaces and capable of withstanding wall impacts at up to 20 mph while supporting less-than-lethal payloads. The company views this expo as a way to accelerate agency evaluation cycles and support potential future deployments across public safety and government applications.
Dynamic Aerospace Systems Corporation files a Post-Effective Amendment No. 1 to a Form S-1 registering resale of 52,530,000 shares of common stock for certain selling stockholders. The registration covers shares issued or issuable under a Note Purchase Agreement (including up to 15,000,000 shares on conversion), a warrant for 330,000 shares, an Equity Purchase Agreement (up to 25,000,000 Advance Shares plus 600,000 Commitment Shares), 1,600,000 AGP-issued warrants, and 10,000,000 already-issued shares.
The filing states the company is an emerging growth company trading on the OTCQB as BRQL (closing price $0.29 on April 20, 2026), discloses detailed commercial and regulatory plans for its UAV platforms (US-1, G1-VTOL, Mitigator), lists provisional patents, and describes equity funding arrangements with Platinum Point Capital (authority to purchase up to $15,000,000 of shares). The registrant’s independent auditor included an explanatory paragraph expressing substantial doubt about the company’s ability to continue as a going concern.
HAIL JEFFREY reported acquisition or exercise transactions in this Form 4 filing.
Dynamic Aerospace Systems Corp director and chief operating officer Jeffrey Hail received an award of 1,500,000 restricted stock units (RSUs) of common stock. The grant was made at no cash cost per unit and represents equity-based compensation rather than an open-market share purchase.
The RSUs vest over time: 10% on December 12, 2026, 30% on December 12, 2027, and the remaining 60% on December 12, 2028. Each vested RSU entitles Hail to receive one share of common stock, with settlement scheduled six months after each vesting date. Following this grant, his reported direct holdings from this award total 1,500,000 RSUs, none of which had vested as of this Form 4.
Kantrowitz Ian reported acquisition or exercise transactions in this Form 4 filing.
Dynamic Aerospace Systems Corp vice president and 10% owner Ian Kantrowitz received a grant of 1,500,000 restricted stock units (RSUs). The award was made at a stated price of $0.00 per unit as equity compensation.
The RSUs vest over three years: 10% on December 12, 2026, 30% on December 12, 2027, and the remaining 60% on December 12, 2028. Each RSU represents the right to receive one share of common stock, to be settled in shares six months after each vesting date. None of the RSUs had vested as of this Form 4, and reported direct holdings after the grant were 1,500,000 RSUs.
RIGNEY SHANNON LEE reported acquisition or exercise transactions in this Form 4 filing.
DYNAMIC AEROSPACE SYSTEMS Corp director and vice president Shannon Lee Rigney reported an equity compensation award in the form of restricted stock units. The filing shows a grant of 1,500,000 RSUs, each representing a contingent right to receive one share of common stock.
The RSUs were granted on December 12, 2025 and vest over three dates: 10% on December 12, 2026, 30% on December 12, 2027, and the remaining 60% on December 12, 2028. None of the RSUs had vested as of this Form 4, and the award will be settled in common shares six months after each vesting date.
Dynamic Aerospace Systems reported a 2025 net loss of $7.79 million, with an accumulated deficit of $9.79 million and a working capital deficit of $2.81 million. Management explains that about $4.87 million of the loss reflects non-cash items such as goodwill impairment, amortization, stock-based compensation, and other accounting charges, plus roughly $158,000 of non-recurring acquisition and S-1 related costs.
The company estimates its cash burn in 2025 averaged about $224,000 per month, or roughly $2.7 million for the year, which it views as a better indicator of operating intensity than accounting loss. Strategically, Dynamic Aerospace is pursuing a dual-engine model: near-term revenue from U.S.-based UAV manufacturing and longer-term recurring revenue from its Dynamic Deliveries autonomous logistics platform.
Leadership highlights supportive defense and regulatory trends favoring scalable, NDAA-compliant UAS/UAV systems and positions its Fortis-class and other UAV platforms to serve defense, public safety, logistics, and enterprise markets. Priorities for 2026 include converting products and logistics services into revenue, advancing regulatory approvals, strengthening the balance sheet, pursuing a potential NYSE listing, and preparing for the next phase of growth.
Dynamic Aerospace Systems Corporation files its annual report describing a transformation into a UAV and autonomous logistics company focused on hybrid VTOL and electric drones for defense, public safety, logistics and infrastructure applications. The business is built around platforms like the US-1 electric multicopter, G1 hybrid VTOL and Mitigator tactical drone, supported by a sensor-agnostic architecture and a growing patent portfolio.
The company is early stage with limited operating history and reported net losses of $7,790,924 in 2025 and $1,171,439 in 2024, leading to an accumulated deficit of $9,791,120 and a working capital deficit of $2,811,077 as of December 31, 2025. Its independent auditor expressed substantial doubt about its ability to continue as a going concern. As of April 13, 2026, there were 27,583,300 shares outstanding, and the non‑affiliate equity market value was $9,783,390 as of June 30, 2025.
The company outlines a diversified revenue strategy spanning UAV sales, drone‑as‑a‑service, logistics networks, integrations and government work, with only 13 full‑time employees. It faces intense competition from much larger aerospace and drone players, supply‑chain dependence on key components, rapid technological change, cybersecurity and regulatory risks, and has identified material weaknesses in internal control over financial reporting.
DYNAMIC AEROSPACE SYSTEMS Corp granted its Chief Financial Officer, Robin Hoops, 500,000 restricted stock units on April 9, 2026 as equity compensation. None of these RSUs have vested yet, and they represent Hoops's entire reported position of 500,000 units following this award.
The RSUs vest over time: 10% on April 9, 2027, 30% on April 9, 2028, and the remaining 60% on April 9, 2029. Each vested RSU will convert into one share of common stock, with settlement six months after each vesting date, tying the CFO’s long-term incentives to the company’s share performance.